485 East Street
$390,000
9
3
2,616
2,616
$149
Description
This 3-family property, situated directly across from Jocelyn Park, offers a rare chance to acquire a multifamily building in a highly desirable location. Just steps from East St. and State St., tenants will enjoy easy access to local restaurants, bars, and shops, making this a sought-after rental location. Each unit features 2-3 bedrooms with abundant natural light, perfect for attracting quality tenants. Two of the units boast updated kitchens and bathrooms, ready for immediate occupancy or rental....This 3-family property, situated directly across from Jocelyn Park, offers a rare chance to acquire a multifamily building in a highly desirable location. Just steps from East St. and State St., tenants will enjoy easy access to local restaurants, bars, and shops, making this a sought-after rental location. Each unit features 2-3 bedrooms with abundant natural light, perfect for attracting quality tenants. Two of the units boast updated kitchens and bathrooms, ready for immediate occupancy or rental. The first unit is currently rented at below-market value, providing clear potential for rent increases and higher cash flow. Investors will recognize the serious upside here-whether you're looking to stabilize the asset with market-rate tenants or owner-occupy and have your mortgage covered by rental income. With updated properties in the area fetching $480k and higher, this is a solid value-add play with significant appreciation potential. Property is being sold as-is, where-is-ideal for savvy investors who understand the potential in New Haven's growing rental market.
- Listed by Lisa Cozzi • Berkshire Hathaway NE Prop.P: (860)-215-3634 C: (860)-215-3634 mulveylisa@gmail.com
- Listed by Molly E Bradbury • Berkshire Hathaway NE Prop.P: (860)-633-3674 C: (860)-878-8141 molly.lisacozziteam@bhhsne.com
Property Details for 485 East Street
Basement Description
Full, Unfinished, Shared Basement
Direct WaterfrontNo
NeighborhoodN/A
StyleUnits on different Floors
Garage Parking InfoNone
Swimming PoolNo
LISTING UPDATED: 10/23/2024 06:43 PM
Property Details for 485 East Street
Status | Active |
---|---|
MLS # | 24041218 |
Days on Market | 71 |
Taxes | $6,069 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / 3 Family |
Year Built | 1900 |
Lot Size | 0.07 AC / 3,049 SF |
County | New Haven County |
Building Information for 485 East Street
Stories-Residences3Year Built1900Building Size-Lot Size0.07 AC / 3,049 SF
Property Information for 485 East Street
Property History for 485 East Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 485 East Street
Taxable ValueLand$26,040Additions$131,600Total$157,640
Tax Record2024$6,069 ($506 / month)
Home Facts
Baths3Total Finished SqFt2,616 SqFtAbove Grade Finished SqFt2,616 SqFtStories3Lot Size3,049 SqFtStyleTriplexYear Built1900ZoningRM2CountyNEW HAVENAPNNHVN M:181 B:0599 L:01300
Schools near 485 East Street
This home is within New Haven School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | PK to 8 | |||
Public - | PK to 8 |
Rating | School | Distance |
---|---|---|
East Rock Community Magnet School PublicPK to 8 | ||
New Haven Academy Public9 to 12 | ||
Family Academy of Multilingual Exploration PublicPK to 8 | ||
John S. Martinez School PublicPK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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